TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

CEO says Sony is on track for comeback

Daily Photo Galleries

By The Associated Press
Friday, Jan. 18, 2013, 12:01 a.m.
 

Sony's chief executive says the struggling Japanese electronics and entertainment company is headed in the right direction, although its comeback is not yet complete.

Kazuo Hirai says Sony Corp. is now more nimble and focused under his leadership, which began nine months ago.

Sony has lost money for the past four years, and has fallen behind powerful rivals such as Apple Inc. and Samsung Electronics Co. in profitability and innovation.

Hirai acknowledged Sony had gotten bogged down in its sprawling bureaucracy. He says he is making a point of personal involvement in product development to make sure good ideas don't get squelched.

Sony's new waterproof, full-HD cellphone and 4K or “ultra-HD” TV received mostly positive feedback at the recent International CES gadget show in Las Vegas.

 

 
 


Show commenting policy

Most-Read Stories

  1. Polamalu enters training camp as Steelers’ longest tenured player
  2. Starkey: Pirates, Burnett could work again
  3. Phone scam from Jamaica reported in Allegheny County
  4. Pirates notebook: Phillies’ Burnett not demanding trade
  5. U.S. proposes tougher rules for moving crude oil, ethanol by rail
  6. Selig: Pirates’ rebirth a positive step for baseball
  7. Drive-thru window sees major change at Monroeville fast-food restaurant
  8. Plane crashes in Taiwan, 47 trapped, feared dead
  9. Dick’s cuts PGA professionals as golf business declines
  10. Outfielder Polanco driving force for Pirates in victory over Dodgers
  11. Pitt swingman Jones ready for breakout season
Subscribe today! Click here for our subscription offers.